Old Mutual Collections Officer - Faulu Jobs in Kenya
Old Mutual Collections Officer - Faulu Jobs in KenyaIntroductionWorking closely with the Collections Manager, he/she will ensure compliance with internal credit policies and procedures, best practices and CBK prudential guidelines to facilitate management of credit risks within tolerable levels.
The Job holder will ensure that ALL approved and disbursed loans are full repaid as stipulated in the terms and conditions to prevent loss to the institution.
• Business related Degree
• 2 years' experience in credit and debt collection
• Knowledge in credit management is an obvious advantage
• Proficiency in T24 skills
• Capacity and willingness to work for long hours and within strict deadlines
• Excellent interpersonal skills
• High degree of confidentiality
• Analytical mind
• Knowledgeable on the Financial services sector
• Highly organised
• Creative and Innovative
• Proactive and fast decision maker
• Physically fit and versatile and able to work
on a computer for long hours
Key Measurable Goals
Ensure the PAR is maintained within the institutional targets.
Ensure prompt realization of loan securities.
Ensure high TAT on insurance claims processing.
Adherence to internal credit policies and loan administration procedures regarding collections.
Ensure the recoveries against write-offs target is achieved
Ensure one day arrears management for all disbursed loans
Record and maintain a track of all the recovery progress for all loans in arrears
Prepare weekly arrears reports for all the branches and follow with them to ensure full repayment.
Prepare demand letters and ensure that they are forwarded to the defaulting customers.
Prepare debt collection instructions to external service providers to facilitate recover as per the debt recovery guidelines.
Prepare reports and make recommendations on bad debts to be written-off to the management for approval.
Processes and maintain an updated register on loan related insurance claims and ensure prompt reimbursement.
Monitor debt collection response cycles and contacts as well as credit control performance
Manage resource scheduling and the determination of priority of work and procedures to maximize production output and success levels.
Report and monitor all risks associated with debt recovery
Generate compliance reports for use in decision making and performance appraisals
Do any other duties that may be assigned by the Management.
How to Apply
For more information and job application details, see; Old Mutual Collections Officer - Faulu Jobs in Kenya
Find jobs in Kenya. Jobs - Kenya jobs. Search our career portal & find the latest Kenyan job positions, career opportunities & jobs in Kenya.
Jobs in Kenya - banking jobs, IT jobs, accounting jobs, NGO jobs, business administration, ICT, UN jobs, procurement jobs, education jobs, hospital jobs, human resources jobs, engineering, teaching jobs, and other careers in Kenya.
Find your dream job from 1000s of vacancies in Kenya posted and updated daily - click here!
Click here to post comments
Join in and write your own page! It's easy to do. How? Simply click here to return to Job Vacancies in Africa.